ICICI Bank 2004 Annual Report Download - page 27

Share Transfer System
ICICI Bank's investor services are handled by ICICI Infotech Limited (ICICI Infotech).
ICICI Infotech operates in the following main areas of business: software consultancy
and development, IT-enabled services, IT infrastructure and network and facilities
management services. ICICI Infotech has received the ISO-9001 certification for its
transaction processing activities.
As per SEBI guidelines, ICICI Bank's equity shares are being traded only in
dematerialised form. During the year, 6,028,463 equity shares of ICICI Bank were
transferred into electronic mode, involving 85,284 certificates. At March 31, 2004
about 96.19% of ICICI Bank's paid-up equity (including equity shares represented by
ADRs constituting 25.94% of the paid-up equity share capital) comprising
592,893,127 equity shares had been dematerialised.
Physical share transfers are registered and returned typically within a period of seven
days from the date of receipt, if the documents are correct and valid in all respects. A
letter is sent to the shareholder giving an option to receive shares in physical or
dematerialised mode. A period of 30 days is given to the shareholder for sending his
intimation. The shareholder then receives the shares in the form he exercises his
option for. However, effective February 10, 2004, SEBI has withdrawn its transfer-
cum-demat scheme. No applications for transfer of equity shares were pending as on
March 31, 2004.
The number of equity shares of ICICI Bank transferred during the last three years
(excluding electronic transfers of shares in dematerialised form) is given below:
As required under Clause 47(c) of the listing agreements entered into by ICICI Bank with stock
exchanges, a half yearly certificate is being obtained from a firm of practising Company Secretaries,
with regard to, inter alia, effecting transfer, transmission, sub-division, consolidation, renewal and
exchange of equity shares and bonds in the nature of debentures within one month of their lodgement.
The certificates are forwarded to stock exchanges where the equity shares are listed within 24 hours of
issuance and also placed before the Board.
In terms of SEBI's circular no. D&CC/FITTC/CIR-16 dated December 31, 2002, a Secretarial Audit is being
conducted on a quarterly basis by a firm of Chartered Accountants, for the purpose of, inter alia,
reconciliation of the total admitted equity shares with the depositories and in the physical form with the
total issued/paid-up equity capital of ICICI Bank. Certificates issued in this regard are placed before the
Share Transfer & Shareholders'/Investors' Grievance Committee and forwarded to stock exchanges
where the equity shares of ICICI Bank are listed.
For any share-related queries, please call ICICI Infotech at + 91-22-5592 8000, fax your query to
+ 91-22-5592 8099 or email to [e-mail].
Number of shares transferred 315,038 1,126,355 1,105,135
Fiscal 2003 Fiscal 2002 Fiscal 2004
Number of transfer deeds 2,114 8,140 17,675
27
Directors’ Report
"We are today the largest provider
of retail finance in the country;
blending technology, distribution
and product skills to offer
customer-friendly financial
solutions. Going forward, we will
focus on further expanding our
distribution and providing a superior
banking experience to our
customers.”
Chanda D. Kochhar
Executive Director
dickenson intellinetics 5690 2791 ICICI Annual Report 2004